2,803 Shares in American Express (NYSE:AXP) Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new position in American Express (NYSE:AXP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,803 shares of the payment services company's stock, valued at approximately $832,000.

Other institutional investors also recently bought and sold shares of the company. Catalina Capital Group LLC increased its stake in shares of American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company's stock worth $996,000 after acquiring an additional 34 shares during the period. Auxier Asset Management increased its holdings in American Express by 0.5% in the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company's stock valued at $1,934,000 after buying an additional 35 shares in the last quarter. Abel Hall LLC boosted its position in American Express by 3.6% during the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company's stock worth $274,000 after purchasing an additional 35 shares in the last quarter. Sunflower Bank N.A. boosted its position in shares of American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company's stock worth $1,203,000 after buying an additional 35 shares in the last quarter. Finally, Foster & Motley Inc. increased its stake in shares of American Express by 2.1% during the 4th quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company's stock worth $509,000 after purchasing an additional 35 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AXP. Evercore ISI upped their target price on shares of American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a report on Monday, January 27th. Compass Point decreased their target price on shares of American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Truist Financial assumed coverage on American Express in a report on Tuesday, January 7th. They issued a "buy" rating and a $350.00 price target for the company. Royal Bank of Canada lifted their price objective on American Express from $330.00 to $350.00 and gave the company an "outperform" rating in a research report on Monday, January 27th. Finally, Morgan Stanley increased their target price on American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, American Express currently has a consensus rating of "Hold" and a consensus target price of $296.38.

American Express Stock Down 1.0 %

Shares of AXP stock traded down $3.11 during mid-day trading on Wednesday, reaching $306.46. 2,238,366 shares of the company were exchanged, compared to its average volume of 2,514,063. The company has a market capitalization of $215.89 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.50 and a beta of 1.24. The business's 50 day simple moving average is $306.60 and its 200 day simple moving average is $281.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 1.67. American Express has a fifty-two week low of $207.61 and a fifty-two week high of $326.27.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Research analysts predict that American Express will post 15.32 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, January 3rd. American Express's dividend payout ratio (DPR) is presently 19.99%.

Insiders Place Their Bets

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the sale, the insider now owns 13,500 shares of the company's stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the transaction, the insider now directly owns 23,866 shares of the company's stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock valued at $9,613,503 over the last 90 days. 0.12% of the stock is owned by company insiders.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.